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Regs on Establishing Employee Loan Program

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Our bank wants to establish an employee loan program where we offer a 2% discount off of our normal customer rates. Outside of Reg O, are there any regs that I need to consider as we put this together?

The only one that I can think of are the preferred rate disclosures required on Regulation Z, as these would be come variable rate loans if you raise the rate if the employee leaves.

First published on 8/15/11

First published on 08/15/2011

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